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Meaning
Noun
●
In Finance:
The
condition
of
failing
to
meet
an obligation.
●
In Finance:
The
condition
of being an
obligation
that has not been met.
●
In Computing & Electronics:
the
original
software
programming
settings
as
set by
the factory
●
A
loss
incurred
by
failing
to compete.
●
A
selection
made
in the absence of
an alternative.
●
A value used when none has been given; a
tentative
value or
standard
that is presumed.
●
In Law:
The
failure
of a
defendant
to
appear
and
answer
a
summons
and complaint.
●
A
failing
or
failure
;
omission
of that which
ought to
be done;
neglect
to
do what
duty
or law requires.
●
Lack; absence.
●
Fault;
offence
;
wrong
act.
Verb
●
In Law:
To
fail
to
meet
an obligation.
To
fail
to
appear
and
answer
a
summons
and complaint.
●
In Finance:
To
fail
to
meet
an obligation.
To
fail
to
fulfill
a financial obligation.
●
To
lose
a
competition
by
failing
to compete.
●
In Computing:
To
assume
a value when none was given; to
presume
a
tentative
value or standard.
Sourced from
Wiktionary
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Rhymes
Alt
Balt
Halt
Malt
Walt
Exalt
Fault
Vault
Default
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